KUUB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KUUB
Largest movements
- Receivables within one year -€13,746
down €13,746 (-34.4%), from €39,953 to €26,207
of which Trade receivables: -€7,221
- Tangible fixed assets -€8,197
down €8,197 (-27.4%), from €29,876 to €21,679
of which Plant, machinery and equipment: -€5,572
- Stocks and contracts +€4,045
up €4,045 (+24.6%), from €16,412 to €20,457
- Cash +€1,712
up €1,712 (+8.6%), from €19,881 to €21,592
mainly Receivables within one year (+€13,746) and Depreciation (+€8,197)
- Current portion of long-term debt -€19,953
down €19,953 (-93.1%), from €21,433 to €1,480
- Tax, wage and social debts +€6,758
up €6,758 (+36.7%), from €18,429 to €25,187
of which Taxes: +€6,803
- Reserves -€5,112
down €5,112 (-54.4%), from €9,399 to €4,287
- Other debts +€1,564
up €1,564 (+329%), from €475 to €2,039
- Gross operating margin -€19,453
down €19,453 (-10.1%), from €192,687 to €173,233
- Staff costs +€12,390
up €12,390 (+8.1%), from €153,083 to €165,473
- Financial charges +€3,276
up €3,276 (+381%), from €859 to €4,134
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,079 | €97,346 | -€16,733 | -14.7% |
| Fixed assets | 21/28 | €34,376 | €26,179 | -€8,197 | -23.8% |
| Tangible fixed assets | 22/27 | €29,876 | €21,679 | -€8,197 | -27.4% |
| Plant, machinery and equipment | 23 | €23,640 | €18,068 | -€5,572 | -23.6% |
| Furniture and vehicles | 24 | €6,236 | €3,611 | -€2,625 | -42.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €79,703 | €71,166 | -€8,536 | -10.7% |
| Stocks and contracts in progress | 3 | €16,412 | €20,457 | +€4,045 | +24.6% |
| Stocks | 30/36 | €16,412 | €20,457 | +€4,045 | +24.6% |
| Amounts receivable within one year | 40/41 | €39,953 | €26,207 | -€13,746 | -34.4% |
| Trade receivables | 40 | €8,125 | €904 | -€7,221 | -88.9% |
| Other amounts receivable | 41 | €31,828 | €25,303 | -€6,526 | -20.5% |
| Cash at bank and in hand | 54/58 | €19,881 | €21,592 | +€1,712 | +8.6% |
| Deferred charges and accrued income | 490/1 | €3,456 | €2,910 | -€547 | -15.8% |
| Total equity and liabilities | 10/49 | €114,079 | €97,346 | -€16,733 | -14.7% |
| Equity | 10/15 | €37,997 | €32,885 | -€5,112 | -13.5% |
| Contributions | 10/11 | €28,598 | €28,598 | = | 0.0% |
| Reserves | 13 | €9,399 | €4,287 | -€5,112 | -54.4% |
| Distributable reserves | 133 | €9,399 | €4,287 | -€5,112 | -54.4% |
| Amounts payable | 17/49 | €76,082 | €64,461 | -€11,621 | -15.3% |
| Amounts payable within one year | 42/48 | €75,930 | €64,461 | -€11,469 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €21,433 | €1,480 | -€19,953 | -93.1% |
| Trade debts | 44 | €35,592 | €35,754 | +€162 | +0.5% |
| Suppliers | 440/4 | €35,592 | €35,754 | +€162 | +0.5% |
| Taxes, remuneration and social security | 45 | €18,429 | €25,187 | +€6,758 | +36.7% |
| Taxes | 450/3 | €281 | €7,085 | +€6,803 | +2,417% |
| Remuneration and social security | 454/9 | €18,147 | €18,102 | -€45 | -0.2% |
| Other amounts payable | 47/48 | €475 | €2,039 | +€1,564 | +329% |
| Accrued charges and deferred income | 492/3 | €152 | - | -€152 | |
| Remuneration, social security and pensions | 62 | €153,083 | €165,473 | +€12,390 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,141 | €8,197 | -€944 | -10.3% |
| Other operating charges | 640/8 | €148 | €557 | +€409 | +276% |
| Gross operating margin | 9900 | €192,687 | €173,233 | -€19,453 | -10.1% |
| Operating profit (loss) | 9901 | €30,314 | -€994 | -€31,308 | |
| Financial income | 75/76B | €48 | €19 | -€30 | -61.6% |
| Recurring financial income | 75 | €48 | €19 | -€30 | -61.6% |
| Financial charges | 65/66B | €859 | €4,134 | +€3,276 | +381% |
| Recurring financial charges | 65 | €859 | €4,134 | +€3,276 | +381% |
| Profit (loss) for the period before taxes | 9903 | €29,503 | -€5,110 | -€34,613 | |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | €29,503 | -€5,112 | -€34,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,503 | -€5,112 | -€34,616 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.